While referring to his company’s “unit economics optimization exercise”, Kris Marszalek, CEO of Crypto.com, has clapped back at the rumors about withdrawal restrictions and special deposit promotions.
The CEO took to Twitter to discuss the importance of scale. He addressed the FUD spread by users in the last few days in the thread series, claiming that the major crypto lending and borrowing firm is running special deposit promotions while also attempting to limit withdrawals.
He labeled both claims as “false clickbait”.
“People are free to FUD all they want, but this doesn’t change the facts: Crypto.com will be a top5, maybe even top3 crypto platform globally by revenue this year. Only two other players have a higher user count than us.”
Further discussing unit economics, he stated that Crypto.com pushed extremely hard to achieve maximum user base and revenue while market conditions were favorable.
And now that they have reached scale, they have begun to optimize unit economics in Q1, putting them in a “good place”.
“The industry will be better off after sub scale companies with broken business models are out. There will be some short term pain, and we’ve seen some of it play out already, but the whole space will emerge stronger because of this much needed cleanup.”
